Rate Making in Insurance
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Case Code: INS018 Case Length: 03 Pages Period: 2003 Pub Date: 2003 Teaching Note: Available |
Price: Rs.100 Organization: Varied Industry: Insurance Countries: India Themes: - |
Abstract Case Intro
Caselet 01
The government had recently proposed to bring some crops like apples, oranges and mangoes under the ambit of the National Agricultural Insurance Scheme on an experimental basis.
"This is an interesting scheme," said Rahul, an entrepreneur. "Of course, but it is on an experimental basis," replied Das, a close friend of Rahul and his advisor. Das added, "To begin with, only a few select districts are going to be covered."...
Caselet 02
In 1999, TMT Services, a Hyderabad-based organization predicted an increase in insurance prices and locked-in premiums with three year contracts. At that time, long-term lock-in premiums were possible. "So we are having a free ride until the renewals come up in 2002," proclaimed Deven Rathore, senior director of the organization. "We had some good advice from our broker, and were able to beat the price hike before it hit us," he added. "Further, we have not had to raise our deductibles to offset premium increases, though that's what a lot of my peers in other companies are doing now," he said...
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